for F.C. Up 4.6%, Beating Expectations

by Nicholas F. Benton Falls

“Due to market growth of residential properties and completion of new commercial projects,” summary numbers for real estate assessments in the City of Falls Church jumped by 4.64 percent, 1.7 percent higher than projected, as released by City Hall yesterday.

Individual assessments won’t be mailed out until possibly the end of March, according to a City press release.

The total taxable assessed value for all properties in the City, as of January 1, 2023, is $5,329,726,700, an overall increase of ($236.11 million) or 4.64 percent from January 1, 2022, it was announced.

City Manager Wyatt Shields told the News-Press that the rise in assessments was about 1.7 percent higher than expected, due mostly to increases in commercial real estate values. He noted that commercial values